The Dutch chipmaker ASML (NASDAQ:ASML)'s stock experienced a steep drop of 17% on Tuesday and Bloomberg commented that this is the largest intraday plunge since 2008. This drop follows the release of Q3 that missed far from the consensus estimates which was later admitted as part of a technical error.

ASML said that due to a technical error, information regarding its Q3 results has been mistakenly released on the website. For transparency, ASML brought forward publication of its full Q3 results and all its Q3 results content is available on its website.

Now, ASML through its website reported the real financial results for the quarter with net sales reaching 7.5 billion below the lowest analyst forecast of 7.6 billion. The company's gross margin of 50.8% indicates efficient operations and healthy profitability. Additionally, earnings per share (EPS) reached 5.28 exceeding the lowest projected EPS of 5.07.

The U.S. and Dutch export restrictions on shipment to China, which stands as a major market for ASML, still remains a problem. But we must admit that ASML continues to be a valuable supplier for the global semiconductor industry. The company's outlook will remain very influential for changing the sentiment and the orientation of the whole industry.

Don't just read the latest news - make informed investment decisions. Visit GuruFocus today and dive deeper into ASML's performance with Charts & Guru Insights.

This article first appeared on GuruFocus.